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SAN JOSE, Calif. - Quantum Corporation (NASDAQ: QMCO), a technology company with a market capitalization of $66 million and annual revenue of $286 million, has launched a new subscription-based program, Quantum GO Refresh for the DXi T-Series, aimed at providing businesses with an innovative approach to data protection and cyber resilience. This offering is designed to help organizations safeguard their mission-critical data against ransomware and other cyber threats with flexible payment options and regular hardware updates. According to InvestingPro analysis, the company’s strategic shift comes amid challenging financial conditions, with the stock showing significant price volatility over the past year.
Quantum’s DXi all-flash T-Series backup appliances are now available under the Quantum GO Refresh program, which includes the typical hardware, software, and support. What sets this program apart is the inclusion of ongoing hardware refreshes as part of the subscription, allowing customers to maintain up-to-date systems without worrying about end-of-service life or unforeseen costs. With a current debt burden of $146 million and a concerning current ratio of 0.37, this subscription-based model could help stabilize the company’s cash flow. For detailed financial analysis and 14 additional key insights about QMCO, visit InvestingPro.
The program is structured to minimize initial expenses and provide a predictable cost structure through quarterly or annual subscription payments. This model is intended to make high-performance, all-flash data protection solutions more accessible across organizations of various sizes.
Quantum GO Refresh for DXi T-Series offers several key benefits, including the ability to extend subscriptions easily, continuous software upgrades, and hardware refreshes to the latest generation platform when needed. The program also allows for capacity expansion on a pay-as-you-grow basis, providing a true operational expenditure (OPEX) model experience.
Customers opting for this bundled, turnkey solution can also add services such as installation, data migration, and solution management for periodic payments. The solution is installed in the customer’s data center, adhering to their network and security policies, and boasts Quantum’s deduplication technology, which can store up to 70 times more data on disk compared to non-deduplication systems.
The DXi T-Series is compatible with a wide range of backup software solutions and is Veeam® Ready/Veeam Integrated. Quantum GO Refresh is currently available for the DXi T-Series through Quantum’s global network of resellers, with program terms ranging from three to five years.
Quantum, a company with over four decades of experience in data management solutions, is recognized for its data platforms that support AI applications and data-intensive workloads. Despite maintaining a gross profit margin of 40%, the company faces challenges with an 18% year-over-year revenue decline. The company plans to extend the Quantum GO Refresh program to other solutions later this year. Get access to comprehensive financial analysis and the detailed Pro Research Report for QMCO, along with 1,400+ other stocks, through InvestingPro’s extensive database of market intelligence and expert insights.
This announcement is based on a press release statement and contains forward-looking statements that involve risks and uncertainties. These statements are not guarantees of future performance and actual results may differ materially. For more information on Quantum GO, including GO Refresh for DXi T-Series, please visit the official Quantum website.
In other recent news, Quantum-Si Incorporated reported a notable 183% increase in full-year revenue for 2024, reaching $3.1 million. Despite this impressive growth, the company’s fourth-quarter earnings fell short of analyst expectations, with revenue at $1.2 million compared to the anticipated $1.79 million. The adjusted earnings per share were -$0.23, which was $0.04 lower than the estimated -$0.19. The company successfully raised over $86 million in capital between the fourth quarter of 2024 and early 2025, extending its cash runway into the second half of 2027. Quantum-Si achieved a gross profit of $0.6 million for the fourth quarter, with a gross margin of 51%, and a full-year gross profit of $1.6 million with a 52% margin. The company anticipates significant revenue growth in 2025, driven by the launch of its new Platinum Pro instrument and expanded distribution partnerships. Operating expenses slightly increased to $31.3 million in the fourth quarter from $28.1 million the previous year, but the company has optimized spending to maintain flat adjusted operating expenses year-over-year. Quantum-Si plans to release new products throughout 2025 to enhance customer adoption.
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